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Cambodia Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Cambodia Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 23, 2014

Economy - overview:
Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 7% per year between 2010 and 2013. The garment industry currently employs more about 400,000 people and accounts for about 70% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems. The tourism industry has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007 and reaching over 3 million visitors in 2012. Cambodia, nevertheless, remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited educational opportunities, high income inequality, and poor job prospects. Approximately 4 million people live on less than $1.25 per day, and 37% of Cambodian children under the age of 5 suffer from chronic malnutrition. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure. The Cambodian Government is working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 50% of the government budget comes from donor assistance. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.

GDP (purchasing power parity):
$39.64 billion (2013 est.)
country comparison to the world: 107

$37.04 billion (2012 est.)
$34.52 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$15.64 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
7% (2013 est.)
country comparison to the world: 21

7.3% (2012 est.)
7.1% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,600 (2013 est.)
country comparison to the world: 183

$2,400 (2012 est.)
$2,300 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
9.6% of GDP (2013 est.)
country comparison to the world: 137

9.1% of GDP (2012 est.)
12% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 74.7%
government consumption: 7.7%
investment in fixed capital: 16.4%
investment in inventories: 2.1%
exports of goods and services: 65.3%
imports of goods and services: -66.2%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 34.8%
industry: 24.5%
services: 40.7% (2013 est.)

Agriculture - products:
rice, rubber, corn, vegetables, cashews, cassava (manioc, tapioca), silk

Industries:
tourism, garments, construction, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles

Industrial production growth rate:
9.5% (2013 est.)
country comparison to the world: 17
[see also: Industrial production growth rate country ranks ]

Labor force:
7.9 million (2011 est.)
country comparison to the world: 61
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 55.8%
industry: 16.9%
services: 27.3% (2010 est.)

Unemployment rate:
0% (2011 est.)
country comparison to the world: 1

0.3% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
20% (2012 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 37.3% (2007)

Distribution of family income - Gini index:
37.9 (2008 est.)
country comparison to the world: 73

41.9 (2004 est.)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $2.685 billion
expenditures: $3.1 billion (2013 est.)

Taxes and other revenues:
17.2% of GDP (2013 est.)
country comparison to the world: 180
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.7% of GDP (2013 est.)
country comparison to the world: 111
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
NA% of GDP
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.2% (2013 est.)
country comparison to the world: 119

2.9% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA% (31 December 2012)
country comparison to the world: 64

5.25% (31 December 2007)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
13% (31 December 2013 est.)
country comparison to the world: 59

12.98% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.206 billion (31 December 2013 est.)
country comparison to the world: 144

$995.1 million (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$8.373 billion (31 December 2013 est.)
country comparison to the world: 109

$7.1 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$5.705 billion (31 December 2013 est.)
country comparison to the world: 109

$4.801 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$1.262 billion (2013 est.)
country comparison to the world: 124

-$1.208 billion (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$6.781 billion (2013 est.)
country comparison to the world: 104

$6.016 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
clothing, timber, rubber, rice, fish, tobacco, footwear

Exports - partners:
US 32.6%, UK 8.3%, Germany 7.7%, Canada 7.7%, Singapore 6.6%, Vietnam 5.7%, Japan 4.7% (2012)

Imports:
$8.895 billion (2013 est.)
country comparison to the world: 108

$7.965 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum products, cigarettes, gold, construction materials, machinery, motor vehicles, pharmaceutical products

Imports - partners:
Thailand 27.1%, Vietnam 20.3%, China 19.5%, Singapore 7.1%, Hong Kong 5.8%, South Korea 4.3% (2012)

Reserves of foreign exchange and gold:
$5.415 billion (31 December 2013 est.)
country comparison to the world: 93

$4.938 billion (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$4.912 billion (31 December 2013 est.)
country comparison to the world: 121

$4.567 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Exchange rates:
riels (KHR) per US dollar -

4,037.6 (2013 est.)
4,033 (2012 est.)
4,184.9 (2010 est.)
4,139 (2009)
4,070.94 (2008)


NOTE: 1) The information regarding Cambodia on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cambodia Economy 2015 information contained here. All suggestions for corrections of any errors about Cambodia Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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